AIA Life Korea : Company Profile and SWOT Analysis by WMIntelligence


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									AIA Life Korea


AIA Life Korea                                                                   Key Employees
                                                                                 Name                      Job Title
Fast Facts
                                       5F Shini Building 64-5, Seoul, 100-012,   Daniel Costello           Chief Executive Officer
Headquarters Address
                                       South Korea

Telephone                              + 82 2 37074800
                                                                                 Company Overview
Fax                                    + 82 61 7250783
                                                                                 AIA Life Korea is a life insurance company
                                                                                 based in South Korea. It provides a range of life
                                                                                 insurance products to individuals and business
Ticker Symbol, Stock Exchange          N/A
                                                                                 customers. The company’s product portfolio
Number of Employees                    N/A
                                                                                 includes accident insurance, illness insurance,
                                                                                 death insurance, disability insurance, medical
Fiscal Year End                        December                                  insurance, hospitalization insurance, long-term
                                                                                 care insurance, variable life insurance, children
Revenue (in US$ million)               N/A                                       education plans, investment linked plans,
                                                                                 endowment plans, pension insurance, annuities,
                                                                                 employee benefit plans and group insurance.
                                                                                 The company distributes its products through a
                                                                                 network of 95 branch offices in South Korea. It
                                                                                 also offers its products through agencies and
SWOT Analysis                                                                    direct telemarketing channels. The company
                                                                                 operates as a subsidiary of AIA Group Limited.
Strengths                              Weaknesses                                AIA Life Korea is headquartered in Seoul, South
Broad product portfolio                Limited scale of operations
                                                                                 Key Competitors
Strong support from parent company
                                                                                 Dongbu Life Insurance Co, Ltd.
Opportunities                          Threats
                                                                                 Hanwha Life Insurance Co., Ltd. (Ticker: 088350)
Growing Korean economy                 Changing regulations                      ING Life Insurance Company Korea, Ltd.
Positive outlook for life insurance
                                       Fluctuations in interest rates            Samsung Life Insurance Co., Ltd. (Ticker: 032830)
segment in South Korea
Rise in per capita annual disposable
                                       Intense competition
income in South Korea


AIA Life Korea - SWOT Profile                                                                                           Page 1
AIA Life Korea



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